Lord Deighton hardly ever rebelled against their party in this parliament
The Financial Conduct Authority (FCA) is the registrar for cooperatives and community benefit societies. It has no regulatory functions over societies which are not authorised to carry out financial services activities. On 6 April 2014, the government implemented a package of measures which introduced insolvency procedures for cooperative societies and gave the FCA additional powers to...
The total level of government spending is set in advance through the Spending Review process. Spending within this envelope is adjusted at fiscal events. Spending is primarily funded through tax receipts, with any shortfall met by borrowing. The majority of borrowing is financed through the issuance of gilts Treasury bills. Additionally, the public can lend money to the Government through...
My Lords, I congratulate my noble friend Lord Naseby on securing a prompt date for the Committee stage of this important Bill. The Government are supportive of the key objective of the Bill, which is to provide mutual organisations with a means to raise external capital in a way that preserves the mutual status of those firms. The mutual sector has made the case that current capital...
Became a Lord on 1 November 2012
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